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2022
Flag → Flag
Exports $251kRnk 71 / 123
2022
Flag → Flag
Top Product $131kRolled Tobacco
2022
Flag → Flag
Exports $570kRnk 109 / 158
2022
Flag → Flag
Top Product $329kFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Cuba-Paraguay Trade: In 2022, Cuba exported $251k to Paraguay. The main products that Cuba exported to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). Over the past 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%, from $555k in 2017 to $251k in 2022.

In 2022, Cuba did not export any services to Paraguay.

Paraguay-Cuba Trade: In 2022, Paraguay exported $570k to Cuba. The main products that Paraguay exported to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). Over the past 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%,  from $874k in 2017 to $570k in 2022.

In 2022, Paraguay did not export any services to Cuba.

Comparison In 2022,  Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index. That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cuba exported $251k to Paraguay. The main products exported from Cuba to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). During the last 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%, from $555k in 2017 to $251k in 2022.

In 2017, Paraguay exported $570k to Cuba. The main products exported from Paraguay to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). During the last 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%, from $874k in 2022 to $570k in 2017.

Exports from Cuba (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Cuba (Flag) (2022)

Latest Data

Trade between Cuba (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Cuba
Top DestinationChina$426M
Paraguay
Top DestinationBrazil$3.67B

This map shows whether countries import more from Cuba or Paraguay. Each country is colored based on the difference in imports they receive from Cuba and Paraguay or the difference in the growth in imports.

In 2022, countries that imported more from Cuba than Paraguay included China ($426M), Spain ($139M), and Portugal ($43.3M).

In 2022, countries that imported more from Paraguay than Cuba included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay (Flag) and Cuba (Flag) (2022)

Comparative Advantage Cuba - Paraguay

Flow
Scale

This chart compares trade between Cuba and Paraguay by product, considering products traded by both, Cuba and Paraguay.

During 2022, Cuba had a large net trade with Paraguay in the exports of Foodstuffs ($190k), Chemical Products ($45.8k), and Machines ($14.8k).

During 2017, Paraguay had a large net trade with Cuba in the exports of Animal Products ($356k), Chemical Products ($214k), and Instruments ($20).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Cuba and Paraguay. This means that a dot/product with the flag of Cuba indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Cuba.

Product Space of Cuba (Flag) and Paraguay (Flag) (2022)

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